Bloomberg Saudi Aramco is pushing to complete its initial public offering (IPO) this year by relying more on local investors, after international money managers’ skepticism triggered a brief delay, people with knowledge of the matter said. The state-owned oil producer is considering making a formal announcement of the listing plan as soon as the next few weeks, according to the …

Bloomberg Oil jumped the most in more than a week after a report that Organisation of Petroleum Exporting Countries (Opec) and allied crude producers will discuss deepening supply cuts next month. Futures climbed more than 2% in London and New York on Tuesday. Members of the Opec are concerned about the outlook for demand next year, Reuters reported, citing unnamed …

Bloomberg Royal Bank of Canada (RBC) set a goal nine years ago to become a Top 10 investment bank in the US — but cracking Wall Street’s upper echelons for advising on takeovers had proved elusive. Until now. RBC Capital Markets has risen to the No. 10 ranking for advising on announced US mergers and acquisitions this year, its highest …